Comment by idlewords
9 years ago
Something very similar was tried in Russia after the fall of communism, as voucher privatization. The vouchers were immediately bought up at a discount and concentrated wealth in the hands of a few oligarchs.
A similar dynamic led to massive pyramid schemes in Albania, which badly eroded public trust in government.
A common thread in Altman's proposals for a better world are their ahistorical presentation, as if no one had ever tried experiments like universal basic income, voucher privatization, planned cities, or the other pet ideas he has backed. If YC wants to experiment with social transformation, it's behind time they hired some adults who know sociology and history, and can put some guard rails around these ideas before they're backed with serious money.
Yeah. I respect Sam's ambition. But there's a meaningful difference between him being a good investor in a bull market and the type of people who could really add some insight into these issues.
This was the sentiment of everyone outside of SV when Altman was considering running for governor this year. I'm glad Sam actually cares about helping people, I really do, but it reminds me so much of Obama's quote about tech entrepreneurs giving him advice:
The final thing I’ll say is that government will never run the way Silicon Valley runs because, by definition, democracy is messy. This is a big, diverse country with a lot of interests and a lot of disparate points of view. And part of government’s job, by the way, is dealing with problems that nobody else wants to deal with.
So sometimes I talk to CEOs, they come in and they start telling me about leadership, and here’s how we do things. And I say, well, if all I was doing was making a widget or producing an app, and I didn’t have to worry about whether poor people could afford the widget, or I didn’t have to worry about whether the app had some unintended consequences -- setting aside my Syria and Yemen portfolio -- then I think those suggestions are terrific. (Laughter and applause.) That's not, by the way, to say that there aren't huge efficiencies and improvements that have to be made.
But the reason I say this is sometimes we get, I think, in the scientific community, the tech community, the entrepreneurial community, the sense of we just have to blow up the system, or create this parallel society and culture because government is inherently wrecked. No, it's not inherently wrecked; it's just government has to care for, for example, veterans who come home. That's not on your balance sheet, that's on our collective balance sheet, because we have a sacred duty to take care of those veterans. And that's hard and it's messy, and we're building up legacy systems that we can't just blow up.
Is there evidence somewhere that Altman was really considering a run for governor?